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Nevada State Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300402070 ✦ Las vegas, NV ✦ Designated as a 501(c)(4)

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Overview

What is Nevada State Development Corporation?

The Nevada State Development Corporation is a nonprofit organization situated in Las Vegas, Nevada. Its primary focus is to aid small business owners in Nevada, California, and Arizona by offering financing options through the United States Small Business Administration 504 Loan Program. This corporation's mission is to promote economic development, create jobs, and stimulate small business growth within Nevada by providing lending solutions and advocacy services. With a team of 15 dedicated employees, Nevada State Development Corporation plays a significant role in empowering small businesses in these three states.


Official website here: www.nsdc.com

Is Nevada State Development Corporation legitimate?

Nevada State Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Nevada State Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $623,261
Professional Fundraising Fees: $0
Other Salaries and Wages: $747,365

For more financial information, click here


Official website here: www.nsdc.com

What is the mission statement of Nevada State Development Corporation?

The Nevada State Development Corporation's mission is to support small businesses by offering financing and management services. This organization aims to stimulate growth, create jobs, and foster economic development in Nevada, California, and Arizona. They achieve this by helping small business owners secure financing for expansion through the United States Small Business Administration 504 Loan Program. In essence, the corporation's mission is to contribute to the success and prosperity of small businesses in these regions.


Official website here: www.nsdc.com

Who is the CEO of Nevada State Development Corporation?

Evan Dickson is the President of Nevada State Development Corporation.


Official website here: www.nsdc.com

What is the revenue of Nevada State Development Corporation?

Nevada State Development Corporation's revenue in 2022 was $2,347,685.


Official website here: www.nsdc.com

Who are the executives of Nevada State Development Corporation and what are their salaries?

The average compensation at Nevada State Development Corporation during 2022 was $91,375. There are 15 employees and 11 volunteers at Nevada State Development Corporation.


Here are 15 key members and their salaries:


Evan Dickson (President)
  • Compensation: $228,413
  • Related: $0
  • Other: $18,378
Robert Francl (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Sullivan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Tedford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Ford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Jorgensen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anna Cavalieri (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Kerner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Chao (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vivian Lara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Wong (Director (From Mid-Year))
  • Compensation: $0
  • Related: $0
  • Other: $0
Paola Gonzalez (Evp/Coo)
  • Compensation: $181,117
  • Related: $0
  • Other: $12,134
Karen Szachara (Corporate Secretary)
  • Compensation: $133,463
  • Related: $0
  • Other: $10,288
Christie Wright (Vice President Of Finance)
  • Compensation: $86,176
  • Related: $0
  • Other: $10,960


Official website here: www.nsdc.com

Where can I find the form 990 for Nevada State Development Corporation?

Nevada State Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nsdc.com

Learn more at the official website: www.nsdc.com

Mission Statement of Nevada State Development Corporation

Nevada State Development Corporation, or NSDC, is dedicated to providing lending solutions and advocacy services with the aim of supporting small businesses in their growth. Their mission is to deliver financing and management assistance to small businesses in Nevada, with the ultimate goal of stimulating economic development, creating jobs, and fostering small business expansion. The organization achieves this by helping small business owners in Nevada, as well as in California and Arizona, obtain financing through the United States Small Business Administration 504 Loan Program. By providing these financial resources, NSDC plays a crucial role in supporting the growth and success of small businesses, thereby contributing to the overall economic development of the communities they serve.

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Impact




October, 2024

Nevada State Development Corporation plays a crucial role in fostering economic development by providing essential lending solutions and advocacy services to small businesses in Nevada, California, and Arizona. By leveraging the United States Small Business Administration 504 Loan Program, it helps entrepreneurs access financing for expansion, thereby stimulating small business growth.

Through these efforts, the organization directly contributes to job creation within the community, facilitating a vibrant local economy. By focusing on the specific needs of small business owners, Nevada State Development Corporation enhances their capacity to thrive, while simultaneously promoting community improvement and economic resilience in the region.




This information is meant to be a general summary of Nevada State Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,347,685 (2022)
Expenses
$2,001,208 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,389
  • Program Service Revenue: $2,343,696
  • Gross Receipts: $2,952,612

Assets and Liabilities:

  • Total Assets: $2,653,896
  • Total Liabilities: $303,313
  • Net Assets: $2,350,583

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Loan Servicing Fees

Revenue

$1,361,867

Loan Processing Fees

Revenue

$954,439

Recovery of Deferred L

Revenue

$27,390

Organization Details

Founding Year

2006

Principal Officer

Evan Dickson

Main Address

1551 Desert Crossing Court 100, Las Vegas, NV, 89144

NTEE Category

Code: S400 - Community improvement

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